Thought this may be useful to reflect on regarding the past 12 months or so.
After a flurry of strong announcements, it's interesting to see what effect JE's SMSF selling/transferring had on SP momentum.
The more I go over the announcements though, I do not believe the market has a clue as to what this company is on the cusp of achieving. A 100 million MC in bed with a global giant in PG, rubbing elbows with COTY, GSK, Pfizer etc. and yet we now sit lower than when the string of positive news stories began.
April 23rd 2014. Trading Halt, price at time, 0.041
April 28th 2014 "OBJ Limited (OBJ or the Company) is pleased to announce that OBJ and Procter and Gamble (P&G), the world’s largest consumer products company, have entered into a suite of agreements including a multi‐product development agreement (PDA) and an initial licensing agreement (Initial Licence) that sets the course to commercialize OBJ’s magnetic micro‐array technology. "
Price closes at 0.085c
April 30th 2014
Shareholder update released. SP hits a record intraday high of 12c. Finishes 9c range. There were 140 million shares traded on this day.
Between the 30th of April and the 12th of May, the price drifts from the highs back to the 8 range.
May 12th 2014 Change of Directors Interest
Jeff Edwards' SMSF sells 1,678,088 shares on market. Price closes in the 7's
Price recovers to trade in the 8c range for the next week.
May 19th 2014 Change of Directors Interest
Jeff Edwards SMSF sells 500,000 shares on market, + 1,000,000 off market Price closes in the 7's
May 21st 2014 Company Presentation Updates on all partners, bodyguard progress etc. Announcement was after market close. Next day, SP closes back in the 9's.
Apart from various 3b's, there are no announcements until the 8th July. Price Fluctuates between 8's and 9's.
July 8th 2014 ASX Price and Volume Query. OBJ responds with "We know nothing". There were 23 million shares traded that day. Price closes in the 9's Incidentally there were 20million traded on the 10th June and 19million on the 3rd June with no speeding ticket issued.
Next announcement is the 30th September. Between July and September price fluctuates between 8's and 11's.
September 29th 2014 Trading Halt.Price at time 0.09
"OBJ Limited (ASX: OBJ) is pleased to announce that the first product to be developed by Procter & Gamble (P&G) under the Product Development Agreement"
September 30th, price closes at 11c after hitting an intraday high of 13c.
The annual report is also issued on this day.
October 7th 2014 SUCCESSFUL SKII PRODUCT LAUNCH IN SOUTH KOREA OBJ Limited (ASX: OBJ) is pleased to report the successful professional, media and consumer launch of the world’s first commercial Price closes at 11.5c
October 8th 2014 "OBJ Limited (ASX: OBJ) (“the Company”) is pleased to advise that International Scientific Pty Ltd (“International Scientific”), a wholly‐owned subsidiary, has received a Notice of Allowance from the Australian Patent Office for Patent Application No. 2011301155 (Delivery of Fabric Care Products). "
Price closes at 12c
Between the 8th and the 13th of October, SP trades between 12c and 10.5c
October 13th 2014 Glyn Denison SMSF acquires 2,000,000 Performance shares, sells 396,273 Jeff Edwards SMSF acquires and sells 2,000,000 Performance Shares
Chris Quirk SMSF acquires 2,000,000 Performance shares
SP drifts to the low 9's, closing at 0.093 prior to the next announcement.
November 28th 2014 AGM Presentation/Meeting Results SP closes at 0.093
December 2nd 2014 Trading Halt "OBJ Limited (ASX: OBJ)(“OBJ” or the “Company”) is pleased to announce that it has executed a Development and License Term Sheet with COTY Inc of New York (“Coty”) for the use of OBJ’s powered Dermaportation magnetic delivery technology. "
SP goes to a high of 10c, closes at 0.096
We then drift down to hit an intraday low of 0.082 on the 15th of December even after the following..
December 15th 2014 "OBJ Limited (ASX: OBJ) (OBJ or the Company) is pleased to report the successful commercial launch of the SK‐II Eye Wand product containing the OBJ magnetic micro‐array technology. The launches took place in Hong Kong on the 8th December and in Taiwan on 9th December 2014. " SP closes at 0.085
December 16th 2014 "OBJ Limited (OBJ or the Company) announces that its wholly‐owned subsidiary, Bodyguard Life Sciences Pty Ltd (BLSPL), has executed an Exclusive Evaluation and Option Agreement (Agreement) with the Procter and Gamble Company (P&G) for the Company’s BodyGuard Life Sciences project (BodyGuard)." SP closes at 0.089
December 19th 2014 "OBJ Limited (ASX: OBJ) (“OBJ” or “the Company”) is pleased to report the signing of two additional work plans to be undertaken under the multi‐product Product Development Agreement (“PDA”) announced in April 2014. " SP closes at 0.091
December 24th 2014 Jeff Edwards SMSF acquires 15 million performance shares Glyn Denison SMSF acquires15 million performance shares, sells 808,682 on market Chris Quirk SMSF acquires 15 million performance shares, sells 2,000,000 on market Announcement is after market close on Christmas Eve. SP had closed at 0.091 On re-opening on the 29th December, SP closes at 0.094
December 31st 2014 Options expire. SP closes at 0.096
Between the 31st of December and the 14th of January SP trades between 0.093 and .105c
January 14th 2015 Jeff Edwards SMSF sells 6,400,000 shares of market Announcement comes after close, SP had closed at 0.097
SP slides to a low of 0.085 the day the following is received
January 30th 2015 Shareholder Update
2nd February SP closes at 0.077
February 3rd 2015 Company Presentation SP closes at 0.085
February 25th 2015 Half Yearly Report. Closed the next day at 0.086
March 6th 2015 Inclusion in the S&P Index, Closed at 0.081
Over the next period the SP continues to fall, hitting 0.065 on the 27th of April.
April 29th 2015 "OBJ Limited (ASX: OBJ) is pleased to report that the success of initial market launches of the “SK‐II Magnetic Eye Care” product in South Korea, Hong Kong, Taiwan, Japan and China have been extremely positive. The consumer responses are now being assessed by P&G to structure forward rollout plans over successive years across key markets and to bring momentum to new product innovations."
SP closes at 0.07
And as of today, we sit at a SP of 0.065
OBJ Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
(20min delay)